Economics of Development

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Sources of Economic Growth and Development (Syllabus Section 5.1)


Powerpoints:
Development Powerpoint.pptx





Consequences of economic growth growth (Syllabus Section 5.2)



  • Assessments and Activities: Free-response/problem and lecture

    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt.

      • What are the determinants of economic growth? Use an AS-AD diagram and a production possibilities graph to illustrate economic growth.
    • Lecture: Consequences of economic growth (PDF below)


Barriers to economic growth (Syllabus Section 5.3)


  • Homework Due: Read McGee (Section 5.3) and Final Draft of Commentary #2

  • Assessments and Activities: Free-response/problem and lecture
    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt.
      • Define: Economic growth and economic development.
      • Using examples, explain the difference between economic growth and economic development.
    • Lecture: Barriers to economic growth and/or development (File with videos too big to post)


Economic Growth and Development Models (Syllabus Section 5.4)


  • Homework Due: Read McGee (Section 5.4)

    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt

      • Describe the main barriers to economic development that countries may experience.
      • Evaluate the view that countries with more equal distribution of income and wealth are more likely to experience higher levels of development.



Growth and development strategies (Syllabus Section 5.4)


  • Homework Due: watch the following video.
    • The effects of a protectionist subsidy: Subsidies to domestic firms are central to the growth strategy known alternatively as import substitution industrialization (ISI) or Inward-oriented growth. Click the link to see a video on the economic effects of subsidies.

  • Assessments and Activities: Free-response/problem and lecture
    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt

      • Explain the processes and transmission mechanisms that lead to economic growth in each of the following theories:
        • Harrod-Domar Model
        • Structural Change/Dual Sector Model



Evaluation of growth and dvpt strategies (Syllabus Section 5.5)


  • Homework Due:

  • Assessments and Activities: Free-response/problem and lecture

    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt.

      • Some countries have tended to use inward oriented development strategies, while others have used outward oriented strategies. Describe the main features of each type of strategy and evaluate their advantages and disadvantages. Your answer should include diagrams for the tariffs and subsidies used in import-substitution.
    • Lecture: Evaluation of growth and development strategies (PDF below)


Development Economics




  • Assessments and Activities: Free-response/problem and class discussion

    • Free-response/problem: You will work cooperatively with your partner to construct a response to the following prompt.

      • Evaluate the view that trade is more effective than aid in achieving economic development.

    • Class Discussion: We will discuss the reading in class. After the discussion you should click here to continue our conversation online. Your posts to this online discussion (Online Discussion #2) are due by the end of Winter Break.

Internal assessment


  • Homework Due: Your posts to Online Discussion #2 should be complete. Also, bring your laptops and any study materials you might need for the test on Development Economics next class.

  • Assessments and Activities: We will do on activity that will help you to learn better how to write Paper 1 and Paper 2 on the IB Exam. Then you will have time to study for your test on Development Economics.

Test on Development Economics (Paper 1) and Paper 2